I think I have a unique and genuine insight: bitcoin is following a power law with exponent 5 and bubbles superimposed on top making the exponent look closer to 6.
A lot to explain, but summary analysis at
Support power law model + bubble modeling or some periodic component are areas worth investigating. This think I’m getting fairly close with my bubble model; interestingly, there seems to be a relationship between area under the curve of the bubbles and power law exponent…high exponent predicts small bubbles and small exponent predicts larger bubbles…but floor and bubble ceiling converging.